Article Source: The Daily Hodl
Cryptocurrency staking is a popular way to increase digital assets. It is similar to depositing money in a bank, which uses customer deposits to form loans for others and incentivizes them with interest payments.
More specifically, crypto staking is the transfer of a part of coins to the blockchain to keep the network functioning and secure.
For this contribution, coin owners are rewarded in the form of a percentage of the deposited funds. The process is a way to make passive income, so it’s quite convenient.
Image and article sourced from The Daily Hodl.
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